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The table below lists weights (carats) and prices (dollars) of randomly selected diamonds. All of the diamonds are round with ratings of very good" cut, they all have a color rating of F (slight color"), and a clarity rating of VSI (very slightly included"). The values are based on data from the retailer Blue Nile. Weight 0.3 0.4 0.5 0.5 1.0 0.7 Price 510 1151 1343 1410 5669 2277 Use a 95% confidence level to find the prediction interval for the price of a diamond that weights 0.8 carats $2551

The table below lists weights (carats) and prices (dollars) of randomly selected diamonds. All of the diamonds are round with ratings of very good" cut, they all have a color rating of F (slight color"), and a clarity rating of VSI (very slightly included"). The values are based on data from the retailer Blue Nile. Weight 0.3 0.4 0.5 0.5 1.0 0.7 Price 510 1151 1343 1410 5669 2277 Use a 95% confidence level to find the prediction interval for the price of a diamond that weights 0.8 carats $2551

Mathematics For Machine Technology
Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter36: Digital Micrometers
Section: Chapter Questions
Problem 7A
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The table below lists weights (carats) and prices (dollars) of randomly selected diamonds. All of the diamonds are round with ratings of very good" cut, they all have a color rating of F (slight color"), and a clarity rating of VSI (very slightly included"). The values are based on data from the retailer Blue Nile. Weight 0.3 0.4 0.5 0.5 1.0 0.7 Price 510 1151 1343 1410 5669 2277 Use a 95% confidence level to find the prediction interval for the price of a diamond that weights 0.8 carats. $2551 <y< $4919 $2051 y < $5419 $2050.75 << $5418.53
Transcribed Image Text:The table below lists weights (carats) and prices (dollars) of randomly selected diamonds. All of the diamonds are round with ratings of very good" cut, they all have a color rating of F (slight color"), and a clarity rating of VSI (very slightly included"). The values are based on data from the retailer Blue Nile. Weight 0.3 0.4 0.5 0.5 1.0 0.7 Price 510 1151 1343 1410 5669 2277 Use a 95% confidence level to find the prediction interval for the price of a diamond that weights 0.8 carats. $2551 <y< $4919 $2051 y < $5419 $2050.75 << $5418.53
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